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British Gas has announced 7% price hikes following SSE's 9% hike. Others are likely to follow. Unless you're on a super cheap online tariff SWITCH NOW!

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BOE – ‘Inflation set to hit 5% thanks to predicted price increases’

Posted on Wednesday 11 May 2011

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On Monday, British Gas owners Centrica announced that current retail prices did not reflect the price they themselves were paying for energy on the wholesale markets. The implication is clear; higher fuel bills are on the way.

Many analysts are predicting price increases of up to 10 and% or 15% in electricity and gas prices respectively by the end of the year. That would hit Britain’s households hard at just the wrong time, as winter usage levels reach their peak and the overall inflation rate surges higher.

It’s not unexpected news however, and we have been warning for some time right here that increased bills were an innevitability. It’s not simply increases in wholesale cost which will impact on the cost of energy. Government imposed obligations on renewable generation and a huge investment programme over the next ten years will push prices higher still.

Taking steps to become more energy efficient and reviewing your supply regularly are the tools at your disposal, but as a nation we are still not proactive enough. Our expert agents make finding the cheapest and best deal for you simpler than ever so don’t delay and let us help you start saving today!

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